Revenue: As of FY2024 Q2, the actual value is USD 12.94 M.EPS: As of FY2024 Q2, the actual value is USD -0.11.EBIT: As of FY2024 Q2, the actual value is USD -18.32 M.<h3>Segment Revenue</h3><ul><li>Hardware Revenue: $5.583 million for the three months ended June 30, 2024, compared to $4.263 million for the same period in 2023, representing a 31.0% increase.</li><li>Software Revenue: $5.022 million for the three months ended June 30, 2024, compared to $4.413 million for the same period in 2023, representing a 13.8% increase.</li><li>Professional Services Revenue: $2.333 million for the three months ended June 30, 2024, compared to $1.502 million for the same period in 2023, representing a 55.3% increase.</li></ul><h3>Operational Metrics</h3><ul><li>Net Loss: $16.937 million for the three months ended June 30, 2024, compared to $30.876 million for the same period in 2023, representing a 45.1% decrease.</li><li>Total Cost of Revenue: $7.006 million for the three months ended June 30, 2024, compared to $6.278 million for the same period in 2023, representing an 11.6% increase.</li><li>Operating Expenses: $23.732 million for the three months ended June 30, 2024, compared to $35.251 million for the same period in 2023, representing a 32.7% decrease.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Used in Operating Activities: - $44.483 million for the six months ended June 30, 2024, compared to - $45.285 million for the same period in 2023.</li><li>Net Cash Provided by Investing Activities: $59.238 million for the six months ended June 30, 2024, compared to $55.328 million for the same period in 2023.</li><li>Net Cash Used in Financing Activities: - $22.000 million for the six months ended June 30, 2024, compared to $0 for the same period in 2023.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company is expanding its platform to include broader smart home solutions, managing devices such as sensors, thermostats, and lighting, with the aim of creating more connected and efficient buildings.</li><li>Non-Core Business: The acquisition of HelloTech is expected to serve as the foundation for DOOR Services, bringing full-service amenities to multifamily buildings by enabling residents to efficiently share and book service providers.</li></ul>

Latch - CW26 | 10-Q: FY2024 Q2 Revenue: USD 12.94 M